Yours for £1million: Buyers get glimpse of new homes in Battersea Power Station

A studio apartment in Battersea Power Station will cost £800,000, while a one-bedroom apartment will set you back £1million (Picture: BSPSDC/PA)

As the economy picks up, some people fear the housing market could overheat.

If you are one of those, look away now, as a studio apartment in Battersea Power Station will set you back £800,000.

The developers of the 1930s art deco landmark have unveiled the latest prices and designs ahead of a sales launch in London on May 1.

Sneak peek: Here’s what an apartment inside Battersea Power Station will look like (Picture: BSPSDC/PA)

Some 254 homes are planned for the south London site, which retains the original Grade II facade, with prices for a one-bedroom apartment starting at £1million – rising to £4million for a four-bed home.

Homes on the 15.7ha (39-acre) site boast ‘bold, beautiful and generously sized’ living spaces with access to roof-top gardens.

254 homes are planned for the site (Picture: BSPSDC/PA)

The interiors for homes in the development, backed by Malaysian investors, feature exposed brickwork and industrial fittings and are 40 per cent larger than other new-builds in the capital.

Battersea Power Station Development Company’s chief executive Rob Tincknell said: ‘Homes at the power station have been designed with a view to attracting owner-occupiers who want to be at the heart of the vibrant community planned for the power station.’